ants to work more than a total of 12 hours a week. She has determined that for every hour she works at Job I, she needs 2 hours she needs one hour of preparation time, and she cannot spend more than 16 hours for preparation. She makes $40 an hour at income. Using simplex method, what is the smallest number in the bottom row of the simplex table?
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- Tuff-Rider, Inc., manufactures touring bikes and mountain bikes in a variety of frame sizes, colors, and component combinations. Identical bicycles are produced in lots of 100. The projected demand, lot size, and time standards are shown in the following table: Item Touring Mountain Demand forecast Lot size Standard processing time Standard setup time 5,000 units/year 100 units .25 hour/unit 2 hours/lot 10,000 units/year 100 units .50 hour/unit 3 hours/lot The shop currently works 8 hours a day, 5 days a week, 50 weeks a year. It operates five workstations, each producing one bicycle in the time shown in the table. The shop maintains a 15 percent capacity cushion. How many workstations will be required next year to meet expected demand without using overtime and without decreasing the firm’s current capacity cushion?Because of its labor contract, a company must hire enough labor for 100 units ofproduction per week on one shift or 200 units per week on two shifts. It cannot hire,lay off, or assign overtime. During the fourth week, workers will be available fromanother department to work part or all of an extra shift (up to 100 units). There is aplanned shutdown for maintenance in the second week, which will cut production tohalf. Develop a production plan. The opening inventory is 200 units, and the desiredending inventory is 300 unitsTerry, Inc., makes gasoline storage tanks. All production is done under contract. The company makes three basic models, but each model must be adapted to customer specifications for the location of outlets, insulation, and paint. It takes from three to six months to complete a tank. How should Terry account for the income for the business?
- JokersRWild makes playing cards in several different styles, but a “standard” deck of cards is used for planning purposes. The average worker at JokersRWild can make 10,000 sets of decks of cards per month at a cost of $3.40 per deck during regular production and $3.70 during overtime. The company currently employs 35 workers. Experience shows that it costs $1,700 to hire a worker and $1,700 to fire a worker. Inventory carrying cost is $.49 per deck per month. The beginning inventory is 54,000, and at least that amount is desired each month. Assume hiring and layoff/firing, if necessary, occur at the beginning of the month. Month January February March April May June Demand 200,000 240,000 200,000 530,000 540,000 870,000 e. Develop a six-month production plan based on chase by changing workforce level. (Leave no cells blank - be certain to enter "0" wherever required.) Chase Production Plan – Changing Workforce Level Month Demand Regular Production Ending…Tuff-Rider, Inc., manufactures touring bikes and mountain bikes in a variety of frame sizes, colors, and component combinations. Identical bicycles are produced in lots of 100. The projected demand, lot size, and time standards are shown in the following table: Item Demand forecast Lot size Standard processing time Standard setup time Touring 6,000 units/year 120 units 0.20 hour/unit 2 hours/lot 07 Mountain 8,000 units/year 100 units 0.75 hour/unit 3 hours/lot The shop currently works 8 hours a day, 5 days a week, 48 weeks a year. It operates five workstations, each producing one bicycle in the time shown in the table. The shop maintains a 15 percent capacity cushion. How many workstations will be required next year to meet expected demand without using overtime and without decreasing the firm's current capacity cushion? The number of workstations required next year is (Enter your response rounded up to the next whole number.)Kevins Shampoo company makes four kinds of shampoo: rose, lemon, ginger, and tea tree. The demand for the four scents are 191, 164, 92 and 74 kg per hour respectively. The production process can produce any shampoo at the rate of 581 kg per hour, but 2 hours are needed to switch between scents. The process doesn’t produce any shampoo during switchover times. Kevin wants to choose a production schedule that (i) cycles repeatedly through the four scents, (ii) meets the required demand and (iii) minimizes the amount of inventory held. (please round your answers to 2 decimal places) 1.How many kg of rose shampoo should Kevin produce before switching over to another scent? 2.Kevin needs to buy coconut oil to make her shampoo. She needs 1401 kg of coconut oil per day on average. The supplier charges a EUR 77 delivery fee per order (which is independent of the order size) and EUR 5.13 per kg. Kevin annual holding cost is 30%. Assume 52 weeks per year and 5 days per week. If Kevin wants to…
- Please answer all subparts questions. Thank you Schedule D: Suppose the regular rate of production is 700 units per period. Further, you are allowed to produce 100 units during each of the periods 3,4, and 5 on an overtime basis, but the subcontractor has gone out of business. You can hire two temporary workers during the periods 3, 4, and 5. Each worker can produce 50 units per period at the regular cost. But it costs $200 to train a worker and check the quality of the product during each of the three periods. (23) The back-order cost for the fifth period is: (a) $200 (b) $400 (c) $500 (d) $1000 (e) none of the above (24) The total cost of meeting the demand is: (a) $17,700 (b) $18,900 (c) $18,300 (d) $17,200 (e) none of the above (25) Which of the following options would help the manager in minimizing the total costs? (a) Regular time production only (b) Combination of regular and overtime production (c) Combination of regular and overtime production, and subcontracting (d)…Production and Materials Purchases Budgets White Corporation’s budget calls for the following sales for next year:Quarter 1 90,000 units Quarter 3 68,000 unitsQuarter 2 76,000 units Quarter 4 96,000 unitsEach unit of the product requires 3 pounds of direct materials. The company’s policy is to begineach quarter with an inventory of product equal to 5% of that quarter’s estimated sales requirementsand an inventory of direct materials equal to 20% of that quarter’s estimated direct materials requirements for production.Required Determine the production and materials purchases budgets for the second quarter.Mr. Haroon is currently working a total of 8 hours per day to produce 150 pieces of a product. He thinks that by adopting a new method he can increase his rate to 170 pieces per day. The total material cost for each piece is approximately Rs. 10; he has to invest Rs. 200 in the necessary supplies (expendables) per day; energy costs are assumed to be only Rs. 500 per day. Viewing this from a total (multifactor) productivity perspective, what is his productivity at present and with the new method?
- Find the optimum number of batches (to the nearest whole number) of an item that should be produced annually (in order to minimize cost) if270,000 units are to be made, it costs $4 to store a unit for one year, and it costs $340 to set up the factory to produce each batch 42 batches 40 batches 30 batches 28 batches QUESTION 4The Company employs workers who lay cables. The company prides itself on good service and strives to complete all services orders with the planning period. Planning Period 1 2 3 4 5 Demand (HOURS) 21,000 18,000 30,000 12,000 24,000 Each worker puts in 600 Hours of regular time per planning period and can work as much as additional 100 Hours of overtime per period. The company pays regular time wages of $6000 per employee per period for any time worked up to 600 Hours per period. The overtime pay rate is $15 per Hour per employee. Hiring and Training costs are $8000 per employee. Layoffs (Firing) are $2000 per employee. Currently 40 Full Time workers work in this capacity. Prepare the Level Strategy Costing for the above requirementsA company produces two products: A and B. Prod-uct A sells for $11 per unit and product B sells for $23 per unit. Producing a unit of product A requires two hours on assembly line 1 and one unit of raw ma-terial. Producing a unit of product B requires two units of raw material, one unit of A, and two hours on as-sembly line 2. On line 1, 1300 hours of time are avail-able, and 500 hours are available on line 2. A unit of raw material can be bought (for $5 a unit) or produced(at no cost) by using two hours of time on line 1.a. Determine how to maximize profit.b. The company will stop buying raw material whenthe price of raw material exceeds what value? (UseSolverTable.)